Index Investing News
Tuesday, May 5, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

The Surprising Beneficiaries of American Slavery

by Index Investing News
July 15, 2023
in Economy
Reading Time: 1 min read
A A
0
Home Economy
Share on FacebookShare on Twitter


Slavery has never been legal in California. But that didn’t stop the California Reparations Task Force. In its final report, issued on June 29, it suggested that the state government pay $1.3 million to Californians who can demonstrate that they are the descendant of a slave or a freed black person living in the U.S. prior to 1900. This payment is to compensate those whose ancestors suffered from chattel slavery and its downstream effects, such as racism and lower life expectancies.

Here’s the problem. The reparations being proposed will take money from people, the vast majority of whom gained nothing from slavery, and give it to people who benefited immensely from slavery.

Who suffered from slavery? The slaves themselves. They were brought from Africa against their will, and they were forced to work without receiving the full value of their labor.

Who gained nothing from slavery? Except for the rare person who inherited an estate that slavery enriched, every contemporary non-black American gained nothing from slavery.

Who gained from slavery? Americans of African descent.

The late economist Walter E. Williams said that slavery was the worst thing ever to happen to his ancestors, but the best thing ever to happen to him. Why? Because instead of growing up in Guinea-Bissau, Angola, Senegal, Mali, or the Democratic Republic of Congo, he enjoyed the opportunities, wealth, health, security, and freedom of the United States.

This is from David R. Henderson and Charles L. Hooper, “The Surprising Beneficiaries of American Slavery,” American Institute for Economic Research, July 14, 2023.

Read the whole thing. It’s quite short.



Source link

Tags: AmericanbeneficiariesslaverySurprising
ShareTweetShareShare
Previous Post

Ark Invest cashes in $53M as Coinbase shares reach 12-month high

Next Post

Why investors may want to limit international market exposure

Related Posts

Transcript: Lawrence Calcano, iCapital CEO

Transcript: Lawrence Calcano, iCapital CEO

by Index Investing News
May 3, 2026
0

https://www.youtube.com/watch?v=crZF0Hl9qXEhttps://www.youtube.com/watch?v=crZF0Hl9qXE     The transcript from this week’s, MiB: Lawrence Calcano, iCapital CEO, is below. You can stream and download...

Making Money…Less Useful? – Econlib

Making Money…Less Useful? – Econlib

by Index Investing News
April 29, 2026
0

One of my brothers recently joked that he would love to meet the person who first pitched gift cards. Who...

The limits on Scott Bessent’s Treasury swap lines

The limits on Scott Bessent’s Treasury swap lines

by Index Investing News
April 25, 2026
0

Scott Bessent’s ability to provide dollar swap lines for allies in Asia and the Gulf could be constrained by the...

Transcript: Jean-Philippe Bouchaud, Founder/Chief Scientist, Capital Fund Management

Transcript: Jean-Philippe Bouchaud, Founder/Chief Scientist, Capital Fund Management

by Index Investing News
April 21, 2026
0

    The transcript from this week’s, MiB: Philippe Bouchaud, Founder/Chief Scientist, Capital Fund Management, is below. You can stream...

Tech Troubleshooting in Space – Econlib

Tech Troubleshooting in Space – Econlib

by Index Investing News
April 17, 2026
0

When astronaut Christina Koch, the first woman to fly around the moon, reported an issue from space that could have...

Next Post
Why investors may want to limit international market exposure

Why investors may want to limit international market exposure

How To Get Money Fast: 18 Ideas Outside of Your 9 to 5!

How To Get Money Fast: 18 Ideas Outside of Your 9 to 5!

RECOMMENDED

 Million Condo In New York Historic NoMad Neighborhood Stays True To Its Glory Days

$11 Million Condo In New York Historic NoMad Neighborhood Stays True To Its Glory Days

January 25, 2023
Got Genes?

Got Genes?

June 24, 2023
Liverpool 4 – 2 Newcastle

Liverpool 4 – 2 Newcastle

January 1, 2024
TSMC CEO warns of weakening trust after U.S. blacklists Chinese firms

TSMC CEO warns of weakening trust after U.S. blacklists Chinese firms

December 17, 2022
Residential Turbines and Life in Society

Residential Turbines and Life in Society

July 26, 2024
Ether (ETH) Hides Enormous Recovery Potential By U.Today

Ether (ETH) Hides Enormous Recovery Potential By U.Today

September 26, 2023
FirstFT: Trump found guilty of ‘repeated fraud’

FirstFT: Trump found guilty of ‘repeated fraud’

September 27, 2023
World South seeks to place its imprint on G20

World South seeks to place its imprint on G20

November 19, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In